Northern Oil & Gas (NOG) to Release Quarterly Earnings on Thursday
Northern Oil & Gas (NYSE:NOG) is set to issue its Q114 quarterly earnings data on Thursday, May 8th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $93.76 million for the quarter.
Northern Oil & Gas (NYSE:NOG) last announced its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.05. The company had revenue of $101.90 million for the quarter, compared to the consensus estimate of $98.45 million. During the same quarter last year, the company posted $0.34 earnings per share. Northern Oil & Gas’s revenue was up 24.7% compared to the same quarter last year. On average, analysts expect Northern Oil & Gas to post $1.07 EPS for the current fiscal year and $1.22 EPS for the next fiscal year.
Northern Oil & Gas (NYSE:NOG) opened at 15.17 on Wednesday. Northern Oil & Gas has a 52-week low of $11.79 and a 52-week high of $17.90. The stock has a 50-day moving average of $14.55 and a 200-day moving average of $15.0. The company has a market cap of $929.4 million and a P/E ratio of 17.76.
A number of research firms have recently commented on NOG. Analysts at Zacks upgraded shares of Northern Oil & Gas from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $15.00 price target on the stock. On the ratings front, analysts at Howard Weil cut their price target on shares of Northern Oil & Gas from $26.00 to $21.00 in a research note on Friday, March 7th. They now have a “sector outperform” rating on the stock. Finally, analysts at Wunderlich cut their price target on shares of Northern Oil & Gas from $20.00 to $17.00 in a research note on Monday, March 3rd. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Northern Oil & Gas currently has a consensus rating of “Buy” and an average price target of $18.83.
Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana.
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